BWX Technologies, Inc. (BWXT) Sets New 12-Month High at $54.96
BWX Technologies, Inc. (NYSE:BWXT)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $54.96 and last traded at $54.99, with a volume of 112,225 shares changing hands. The stock had previously closed at $54.53.
Several equities analysts recently commented on the stock. BidaskClub raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine raised shares of BWX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of BWX Technologies from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $55.00 price objective on shares of BWX Technologies in a research report on Thursday, August 10th. Finally, Credit Suisse Group assumed coverage on shares of BWX Technologies in a research report on Friday, June 9th. They issued a “neutral” rating and a $51.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $52.83.
The company has a market capitalization of $5.59 billion, a PE ratio of 29.73 and a beta of 0.46. The company’s 50-day moving average is $53.74 and its 200 day moving average is $49.94.
BWX Technologies (NYSE:BWXT) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. The firm had revenue of $410.01 million during the quarter, compared to the consensus estimate of $429.38 million. BWX Technologies had a return on equity of 107.13% and a net margin of 11.81%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities research analysts anticipate that BWX Technologies, Inc. will post $2.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 21st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 17th. BWX Technologies’s dividend payout ratio (DPR) is 23.28%.
In related news, insider Harbour Group L.P. Blue sold 1,992,829 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.20, for a total value of $106,018,502.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason S. Kerr sold 1,365 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $54.13, for a total value of $73,887.45. Following the completion of the transaction, the vice president now directly owns 4,312 shares of the company’s stock, valued at $233,408.56. The disclosure for this sale can be found here. Insiders sold 2,009,194 shares of company stock valued at $106,899,540 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BWXT. Vanguard Group Inc. lifted its stake in BWX Technologies by 0.7% in the second quarter. Vanguard Group Inc. now owns 8,004,745 shares of the technology company’s stock valued at $390,232,000 after buying an additional 58,159 shares during the last quarter. William Blair Investment Management LLC lifted its stake in BWX Technologies by 11.8% in the second quarter. William Blair Investment Management LLC now owns 6,544,781 shares of the technology company’s stock valued at $319,058,000 after buying an additional 691,035 shares during the last quarter. BlackRock Inc. lifted its stake in BWX Technologies by 6.7% in the second quarter. BlackRock Inc. now owns 5,374,992 shares of the technology company’s stock valued at $262,030,000 after buying an additional 336,521 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in BWX Technologies by 210.9% in the second quarter. Artisan Partners Limited Partnership now owns 4,100,416 shares of the technology company’s stock valued at $199,895,000 after buying an additional 2,781,599 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in BWX Technologies by 11.1% in the second quarter. Capital Research Global Investors now owns 3,464,262 shares of the technology company’s stock valued at $168,883,000 after buying an additional 345,797 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.
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About BWX Technologies
BWX Technologies, Inc is a manufacturer of nuclear components and a service provider. The Company’s businesses focus on the design, engineering and manufacture of precision naval nuclear components, reactors and nuclear fuel for the United States Government. Its segments include Nuclear Operations, Technical Services, Nuclear Energy and Other.
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